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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

FTSE 250 movers: Aston Martin powers ahead

(Sharecast News) - London's FTSE 250 was 1.1% higher in afternoon trade on Friday at 18,548.41. Aston Martin Lagonda was the standout gainer after its Formula One Team said it had agreed on an investment by US private equity firm Arctos Partners in exchange for a minority shareholding.

Executive chairman Lawrence Stroll said: "As investors in several leading sports franchises, Arctos brings deep industry knowledge, and I am thrilled that Aston Martin will be joining such a prestigious portfolio.

"The team has enjoyed tremendous success this season with eight podium finishes and our biggest points haul as a team, but our collective ambition is greater.

"Arctos see the potential and value of this project as we continue to build a world-class Formula One team. They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects."

The deal reportedly values the racing unit at around £1bn.

Elsewhere, Liontrust Asset Management was a high riser after results on Thursday.

FTSE 250 - Risers

Aston Martin Lagonda Global Holdings (AML) 225.00p 5.93% Liontrust Asset Management (LIO) 608.50p 5.73% Ceres Power Holdings (CWR) 215.00p 4.67% British Land Company (BLND) 367.50p 4.61% OSB Group (OSB) 385.00p 4.17% Marshalls (MSLH) 231.00p 3.87% Ninety One (N91) 182.90p 3.74% Balanced Commercial Property Trust Limited (BCPT) 67.90p 3.66% Jupiter Fund Management (JUP) 86.80p 3.58% Paragon Banking Group (PAG) 496.60p 3.50%

FTSE 250 - Fallers

Digital 9 Infrastructure NPV (DGI9) 46.90p -7.31% Bakkavor Group (BAKK) 86.20p -3.36% Abrdn Private Equity Opportunities Trust (APEO) 450.00p -1.96% ICG Enterprise Trust (ICGT) 1,228.00p -1.92% Octopus Renewables Infrastructure Trust (ORIT) 92.50p -1.70% Apax Global Alpha Limited (APAX) 165.00p -1.67% Vietnam Enterprise Investments (DI) (VEIL) 566.00p -1.57% North Atlantic Smaller Companies Inv Trust (NAS) 3,850.00p -1.28% Essentra (ESNT) 159.00p -1.24% Greencoat UK Wind (UKW) 146.20p -1.22%

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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